SYS-CON MEDIA Authors: Kevin Benedict, Gilad Parann-Nissany, Michael Bushong, Eric Brown

News Feed Item

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against GLOBAL GEOPHYSICAL SERVICES, INC. and Its Board of Directors and a Lead Plaintiff Deadline of May 19, 2014 -- GGS

NEW YORK, April 11, 2014 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors who purchased Global Geophysical Services, Inc. ("GGS" or the "Company") (NYSE: GGS and GGS-PA) common stock from April 21, 2010 through March 18, 2014 and purchasers of the Company's Series A preferred stock from December 3, 2013 through March 18, 2014.

For more information, click here: http://zlk.9nl.com/global-geophysical-services-ggs.

Protecting the Rights of Shareholders.

On March 18, 2014, GGS announced it would restate its annual financial statements for the years ended December 31 2009, 2010, 2011, and 2012, as well as its quarterly financial statements for the first three quarters of 2013. For the three months ended September 30, 2013, GGS announced that the restatement would decrease revenues by $5.0 million. Following this news shares of GGS fell to a close of $0.57 per share the following day.

If you suffered a loss in GGS you have until May 19, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/global-geophysical-services-ggs

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:    
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor 
New York, NY 10004 
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

Logo - http://photos.prnewswire.com/prnh/20120409/MM84375LOGO

SOURCE Levi & Korsinsky, LLP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.